KUMULUS VAPE: insider trades · France · AMF

About KUMULUS VAPE

Kumulus Vape is a French specialist in the distribution of electronic cigarettes and related products, including devices, e-liquids and accessories within the vaping ecosystem. Founded in 2012, the company initially grew through online retail before expanding into a broader omnichannel model that now combines e-commerce, B2B distribution and a physical retail footprint. Its headquarters are located in Corbas, in the Lyon metropolitan area, a strategic industrial and commercial base that supported its national expansion. Kumulus Vape is listed on Euronext Growth Paris under ticker ALVAP and ISIN FR0013419876, and has been publicly traded on that market segment since June 2021. The group has built a strong position in the French vaping market by offering one of the broadest catalogs in the sector, with more than 10,000 product references. Its sourcing model is diversified across several major geographies, including France, the United States, the United Kingdom, Malaysia and the Philippines. Kumulus Vape operates through two core business lines. First, its B2C business serves end consumers through its historical online platform, kumulusvape.fr. Second, its B2B activity is structured around KMLS, the group’s wholesale and professional distribution platform, which plays a central role in commercial and logistics flows. The company has also expanded into brick-and-mortar retail and franchise development through the Cigaverte network, strengthening its proximity to both consumers and specialized retailers. Operationally, Kumulus Vape reported consolidated revenue of about €60.8 million in 2024, alongside a clear improvement in profitability, while 2025 revenue remained resilient at roughly €57.5 million despite a more difficult market backdrop. This performance reflects a strategy focused on consolidation, cost discipline and commercial reinforcement in a competitive and fast-evolving vaping market. The group has also invested in industrial capabilities, including an 800 m² production facility in the Lyon area designed to regain greater control over selected proprietary brands while preserving the complementary role of its partner ecosystem. In addition, Kumulus Vape has positioned itself as a responsible vaping player and has received repeated growth-related recognition, enhancing its profile among investors and market participants.